Senior citizens looking to earn a steady return on their savings through fixed deposits (FDs) can get interest rates of up to 7.95% a year among the 15 banks compared in November 2026, according to Paisabazaar. The rates in this comparison are as of November 4, 2026.
Bandhan Bank offers the highest maximum rate among the selected banks, at 7.95%. IndusInd Bank follows with 7.85%, while YES Bank offers up to 7.75%. Kotak Mahindra Bank and IDFC FIRST Bank offer maximum rates of 7.55% and 7.50%, respectively.
However, the highest rate does not apply to every FD tenure. The interest offered varies depending on the deposit period and the bank. Here is a look at the rates offered by 15 major banks on one-year, three-year, five-year and 10-year FDs for senior citizens.
State Bank of India FD rates for senior citizens
State Bank of India (SBI) offers senior citizens an interest rate of 6.75% on one-year FDs. The rate increases to 6.80% for a three-year deposit and 7.05% for a five-year FD.
For deposits with a 10-year tenure, SBI offers an interest rate of 7.05%. Its highest rate for senior citizens is also 7.05%, applicable to deposits with tenures ranging from five years to 10 years.
HDFC Bank FD rates for senior citizens
HDFC Bank offers senior citizens an interest rate of 6.75% on one-year FDs. For a three-year deposit, the rate stands at 7.05%, while a five-year FD fetches 7.20%.
The bank offers an interest rate of 7.10% on 10-year deposits. Its highest rate is 7.20%, available on deposits with tenures ranging from three years and one day to five years.
ICICI Bank FD rates for senior citizens
ICICI Bank offers senior citizens 6.75% interest on one-year FDs and 7.05% on three-year deposits. The rate rises to 7.20% for a five-year FD.
For a 10-year deposit, the bank offers an interest rate of 7.10%. Its highest rate is 7.20%, available on deposits with tenures ranging from three years and one day to five years.
Punjab National Bank FD rates for senior citizens
Punjab National Bank (PNB) offers senior citizens an interest rate of 6.75% on one-year FDs. The rate stands at 6.80% for a three-year deposit and 6.85% for a five-year FD.
For a 10-year deposit, PNB offers an interest rate of 6.80%. Its highest rate for senior citizens is 7.10%, available on a special 444-day FD.
Axis Bank FD rates for senior citizens
Axis Bank offers senior citizens an interest rate of 6.75% on one-year FDs. The rate increases to 7.10% for a three-year deposit and 7.35% for a five-year FD.
The bank also offers 7.35% on 10-year deposits. Its highest rate is 7.35%, applicable to FDs with tenures ranging from five years to 10 years.
Bank of India FD rates for senior citizens
Bank of India offers senior citizens an interest rate of 7.10% on one-year FDs. The rate rises to 7.45% for a three-year deposit, which is also the bank’s highest rate.
For a five-year and 10-year FD, the bank offers an interest rate of 6.75%.
Bank of Baroda FD rates for senior citizens
Bank of Baroda offers senior citizens 6.75% interest on one-year and three-year FDs. The rate stands at 6.90% for a five-year deposit and 7.00% for a 10-year FD.
Its highest rate is 7.25%, available on a special 555-day BoB Golden Goal Deposit Scheme.
Canara Bank FD rates for senior citizens
Canara Bank offers senior citizens an interest rate of 6.90% on one-year FDs. The rate is 6.75% for three-year, five-year and 10-year deposits.
The bank’s highest rate for senior citizens is 7.25%, available on a 555-day FD.
Kotak Mahindra Bank FD rates for senior citizens
Kotak Mahindra Bank offers senior citizens an interest rate of 7.20% on one-year FDs. The rate stands at 6.90% for a three-year deposit and 6.75% for both five-year and 10-year FDs.
Its highest rate is 7.55%, available on deposits with tenures ranging from two years to less than three years.
Union Bank of India FD rates for senior citizens
Union Bank of India offers senior citizens an interest rate of 6.70% on one-year FDs. The rate falls to 6.60% for a three-year deposit and 6.50% for both five-year and 10-year FDs.
The bank’s highest rate is 7.05%, available on a 555-day FD.
Bandhan Bank FD rates for senior citizens
Bandhan Bank offers senior citizens an interest rate of 7.50% on one-year FDs. The rate increases to 7.75% for a three-year deposit, while five-year and 10-year FDs fetch 6.60%.
Its highest rate is 7.95%, available on deposits with tenures ranging from two years to less than three years. This is the highest maximum rate among the 15 banks compared.
IDFC FIRST Bank FD rates for senior citizens
IDFC FIRST Bank offers senior citizens an interest rate of 6.75% on one-year FDs. The rate rises to 7.35% for a three-year deposit and stands at 7.00% for a five-year FD.
For a 10-year deposit, the bank offers 6.25%. Its highest rate is 7.50%, available on deposits with tenures ranging from 500 days to two years.
IndusInd Bank FD rates for senior citizens
IndusInd Bank offers senior citizens an interest rate of 7.25% on one-year FDs. The rate increases to 7.85% for a three-year deposit, while a five-year FD fetches 7.15%.
For a 10-year deposit, the bank offers 7.00%. Its highest rate is 7.85%, available on deposits with tenures ranging from two years to three years.
YES Bank FD rates for senior citizens
YES Bank offers senior citizens an interest rate of 7.15% on one-year FDs. The rate rises to 7.75% for a three-year deposit and stands at 7.50% for both five-year and 10-year FDs.
Its highest rate is 7.75%, available on deposits with tenures ranging from 18 months and one day to less than 24 months, as well as from 36 months to less than 60 months.
Federal Bank FD rates for senior citizens
Federal Bank offers senior citizens an interest rate of 6.75% on one-year FDs. The rate stands at 7.00% for a three-year deposit and 6.90% for both five-year and 10-year FDs.
The bank’s highest rate is 7.30%, available on a 48-month FD.
What should senior citizens check before investing in FDs?
Senior citizens should compare interest rates across different banks and tenures before booking an FD. A higher rate may be available only for a specific deposit period, so investors should check whether the tenure matches their financial needs.
They should also check the premature withdrawal rules, penalty charges and interest payout options. Banks may offer monthly, quarterly or cumulative payout facilities, depending on the deposit scheme.
Interest earned on FDs is taxable according to the depositor’s applicable income tax slab. Senior citizens should factor in the tax impact while comparing returns. They should also check the applicable deposit insurance cover: DICGC insures eligible deposits up to ₹5 lakh per depositor per bank, including principal and interest, subject to its rules.
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